Canopy Growth Corp said on Friday it will focus on reducing costs as the pot producer struggles with a slump in weed prices from oversupply and growing expenses that led to a bigger adjusted loss in the quarter.
European stocks struggled for action on Friday, as Germany reported weak growth data and investors weighed up more China cases of the deadly COVID-19 virus.
(RTTNews) - European shares were trading mixed on Friday after data showed the German economy stagnated in the fourth quarter, reviving fears of a recession.
Russia said on Friday it had asked Canada to hand over case files on a 95-year-old former Nazi death squad member living in Canada to help Moscow with an investigation into the mass murder of children at a Soviet orphanage in 1942.
(RTTNews) - Portland General Electric Co. (POR) on Friday reported fourth quarter net income of $61 million or $0.68 per share, up from $49 million or $0.55 per share a year ago.
A Madrid court has rejected a criminal lawsuit brought by Italian banker Andrea Orcel against Santander that claimed the Spanish lender had given misleading information to the court, a court document showed.
(RTTNews) - U.K. stocks were moving lower on Friday, though markets came off their day's lows amid a slight softening of pound, which powered to record its highest level since December 16 against the euro the previous day.
Dutch bank NIBC Holding NV is in advanced talks over a buyout proposal from private equity firm Blackstone that values the lender at 1.44 billion euros ($1.6 billion), it said on Friday.
The UK's competition watchdog gave Slug and Lettuce owner Stonegate the green light to buy Ei Group on Friday, in a deal that would create Britain's largest pub company, and said it will not refer the merger to an in-depth investigation.
Sweden's Mathem said on Friday it had raised 500 million Swedish crowns ($51.68 million) in a funding round that saw pension firm AMF buy a 10% stake in the country's biggest online grocery retailer.
European shares inched up to a record high on Friday ahead of fourth-quarter GDP data from the EU, while concerns over the coronavirus outbreak eased after the World Health Organization downplayed a recent spike in cases.
The Russian rouble strengthened on Friday after China reported a slowdown in the number of new coronavirus cases, easing fears over the epidemic and giving riskier markets a tentative reprieve.
China's property developers and realtors are turning to virtual reality salesrooms and livestream marketing to thaw a frozen market as the coronavirus epidemic keeps physical offices shut and potential buyers are afraid to leave their homes.
China stocks closed higher on Friday, marking their first weekly gain in four, on hopes that measures by the government to contain the coronavirus outbreak and limit its economic impact could continue to help equities.
For years, Bank of England boss Mark Carney warned of the economic risks of Britain leaving the European Union. Now that it has happened, he says there could be a silver lining in Prime Minister Boris Johnson's plans to boost growth.
Singapore's economy could enter recession due to the blow from the coronavirus outbreak, its prime minister said on Friday, adding that the city-state was bracing for a "significant" hit in the coming quarters.
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